IL HR0032

Express the House of Representatives' belief that the Illinois Income Tax Act should not be amended to permit taxation of retirement income

Assert that retirees live on fixed incomes with limited ability to rejoin the workforce, high healthcare costs, and minimal savings capacity

Contend that retirees did not anticipate their previously untaxed retirement income would become subject to state taxation, forcing budget reductions

Argue that exempting retirement income from state taxation encourages current retirees to remain in Illinois and attracts newly retired Americans to relocate to the state

Direct distribution of the resolution to Illinois constitutional officers, House leadership, and Senate leadership